Private equity giant the Carlyle Group has filed to raise up to $100m through an IPO of paint coating maker Axalta Coating Systems.
Citigroup, Goldman Sachs, Deutsche Bank and JP Morgan are acting as underwriters for the sale according to a document filed with the US securities regulator.
The $100m figure is a placeholder used to calculate fees, with reports suggesting the actual amount raised through the IPO could hit $1bn.
Carlyle bought the coatings company from DuPont Capital Management in February 2013 for a reported $4.9bn.
It tapped its Europe Partners III and Partners V vehicles for the deal.
Philadelphia-based Axalta makes liquid and powder coatings for the transportation industries.
It has 35 manufacturing centres and does business in more than 130 countries.
Copyright © 2014 AltAssets